$208,000
$230,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
1.35 Acres Lot
SOLD DATE : 12/31/2020
Key Details
Sold Price $208,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID DESU167280
Sold Date 12/31/20
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $352
Tax Year 2020
Lot Size 1.350 Acres
Acres 1.35
Lot Dimensions 0.00 x 0.00
Property Description
COMMERCIAL POTENTIAL! An excellent investment for an ambitious buyer with creative ideas. Property has 97-foot frontage directly on Rt. 26 making it an ideal location for retail development. It is currently zoned AR-1 residential, but has the potential to be rezoned commercial. Currently, on the 1.35 acres is a 2-bedroom, 1-bath bungalow that has produced a constant income history for many years and is now under a month-to-month rental. This rental has the possibility of being renewed for a new owner. Property is priced at "land value" only, making the rental house a bonus.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning AR-1
Exterior
Waterfront N
Water Access N
Street Surface Black Top
Road Frontage State
Garage N
Building
Lot Description Corner, Irregular
Sewer Public Sewer
Water Well
New Construction N
Schools
School District Indian River
Others
Tax ID 134-11.00-193.00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with TJARK BATEMAN • Jack Lingo - Rehoboth
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "